And those ETFs are interesting – two of the five are gold centric trackers WisdomTree Physical Gold and ishares Physical Gold ETC

Shares paying high dividends are also popular.

The top five are Royal Dutch Shell, Lloyds Banking Group, GlaxoSmithKline, BP and Vodafone.

What does this tell us? Pension millionaires don’t take punts on speculative stocks. They tend to lock into classy bluechips.

Spotting opportunities

These experienced investors tend to turn cash into income producing assets rather than hold money that loses value as inflation takes a bite.

Interactive Investor also shares some more info about self-made SIPP millionaires.

With an average age of 61 years old, the favourite funds are Fundsmith Equity and Lindsell Train Global Equity. The top investment trust is Scottish Mortgage, followed by Alliance Trust.

That hands-on management also shines through with 82% investing in the past year, 45% investing each month and 23% twice a month.

Moira O’Neill, head of personal finance at Interactive Investor, said: “Our most successful customers enjoy investing and looking after their portfolio, so will buy and sell investments when they spot an opportunity. What unites them is diversification, spreading their investments across different assets, markets and sectors to ensure that all their eggs are not in one basket. The importance of diversification is true to every saver – regardless of if you have a seven-figured pension pot.”

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